India Blow Molded Plastics Market, By Product (Polypropylene, Acrylonitrile Butadiene Styrene, Polyethylene, Polystyrene, PVC, Others), By Technology (Extrusion, Injection, Stretch, Others), By Application (Packaging, Consumables & Electronics, Automotive & Transport, Building & Construction, Others), By Region, Competition, Forecast & Opportunities, 2019-2029

Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format

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India Blow Molded Plastics Market, By Product (Polypropylene, Acrylonitrile Butadiene Styrene, Polyethylene, Polystyrene, PVC, Others), By Technology (Extrusion, Injection, Stretch, Others), By Application (Packaging, Consumables & Electronics, Automotive & Transport, Building & Construction, Others), By Region, Competition, Forecast & Opportunities, 2019-2029

In 2020, according to the Indian Institute of Packaging (IIP), packaging consumption in India increased from 4.3 kgs per person per annum (pppa) to 8.6 kgs pppa.

India Blow Molded Plastics Market is expected to expand during the projected period due to increasing demand from packaging sector as the rise of e-commerce has created a surge in demand for efficient and lightweight packaging solutions. Blow molded plastic containers, bottles, and packaging materials offer durability, versatility, and cost-effectiveness, making them ideal for the e-commerce sector.

Moreover, the demand for plastic product in building & construction applications is increasing because of its properties such as comfort, energy conservation, protection against water, and lightweight. These plastics are used in sewage pipes, wires and cables in buildings, as plastics are flame retardant and flexible. Along with this, blow molded plastics are also used in the production of automotive parts that including the panel, railing, bumper support, mudguards and door locking systems. Thus, rising demand of blow molded plastics from various sectors lead to growing the demand of India Blow Molded Plastic Market in the upcoming years.

Rising Demand from Packaging Sector

This flexibility is particularly advantageous for industries like cosmetics, household products, and personal care, where brand differentiation and eye-catching packaging play a vital role in attracting consumers. Blow molded plastics offer endless possibilities for unique shapes, vibrant colors, and innovative packaging designs, thereby enhancing product appeal and shelf presence. For instance, according to India Brand Equity Foundation, in Jan 2023, the Indian plastic processing industry comprises approximately 30,000 units that use injection molding, blow molding, extrusion, and calendaring to create a wide range of products. Moreover, India's e-commerce industry has experienced exponential growth in recent years, necessitating the need for efficient and reliable packaging solutions. Blow molded plastics have emerged as a preferred choice for e-commerce packaging due to their durability, resistance to impact, and ability to protect products during transportation. The secure closures and tamper-evident features offered by blow molded plastic containers and bottles further enhance product integrity and consumer confidence in online purchases. With the increasing number of online shoppers in India, the demand for blow molded plastic packaging solutions is set to soar.

Moreover, the food and beverage industry are a key driver of the blow molded plastics market in the packaging sector. The demand for blow molded plastic containers and bottles for beverages, sauces, condiments, edible oils, and other food products has witnessed substantial growth. Blow molded plastics offer excellent barrier properties, ensuring product freshness, preventing leakage, and extending shelf life. Furthermore, the ability to incorporate features such as tamper-evidence, resealability, and easy pour spouts enhances consumer convenience and promotes brand loyalty.

For instance, PepsiCo Inc. is using additive manufacturing in addition to blow molding to develop beverage bottles faster at a reduced cost.

Furthermore, the lightweight nature of blow molded plastics helps reduce material consumption and minimize carbon emissions throughout the packaging life cycle. The adoption of such sustainable packaging initiatives is driving the demand for blow molded plastics in India's packaging sector which led to the growth of India Blow Molded Plastics Market in the upcoming years.

Download Free Sample Report Growing Focus of Blow Molded Plastics in the Consumables & Electronics Sector

Furthermore, blow molded plastics offer manufacturers in the consumables and electronics sectors unparalleled customization and design flexibility. The blow molding process allows for the creation of complex shapes, precise contours, and customized features that meet the specific requirements of products. This versatility is particularly valuable in the electronics sector, where space optimization, functionality, and aesthetics are essential. With blow molded plastics, manufacturers can produce enclosures, casings, and housing solutions that not only protect electronic components but also offer sleek designs, ergonomic shapes, and branding opportunities. Hence, the increased use of blow molded plastics in the consumables & electronics sector fueling the India Blow Molded Plastics Market growth in the projected period.

Increasing Supportive Policies of Government Dominate the Market Growth

For instance, in 2020, the Minister of Commerce and Industry, invited start-ups to register at public procurement portal, Government e-Marketplace (GeM), and offer goods and services to government organisations and PSUs.

For instance, Indian government starts Phased Manufacturing Programme (PMP), for boosting the domestic value addition of sub-assemblies and mobile phones and make India as an attracting investment in the electronics sector, and help in the established manufacturing capabilities.

All these factors dominate the Demand of India Blow Molded Plastic Market in the forecast period.

However, the consumption of plastic materials increases result in the generation of waste and limited recyclability affected the market growth. Along with this, advancement in technology for enhancing the product quality lead to increase the production cost, result in the rise of the product hampering the growth of the market.


MIR Segment1

Recent Development

  • In 2023, UFlex Limited and ExxonMobil collaborate to introduce certified-circular packaging in the India subcontinent.
  • In 2023, Jagmohan Pla-Mach Pvt. Ltd. starts manufacturing of IBCs, or intermediate bulk containers, which are industrial-grade containers designed for the bulk handling, transportation, and storage of liquids, semi-solids, pastes, or solids.
  • In 2022, Awanti Polymoulds start manufacturing of rotary-blowing mould for a global soft-drink company for multiple franchises across India.

Market Segmentation

Company Profiles

Attribute

Details

Base Year

2029

Historic Data

2019 â€“ 2022

Estimated Year

2024

Forecast Period

2025 – 2029

Quantitative Units

Revenue in USD Million, and CAGR for 2019-2023 and 2024-2029

Report coverage

Revenue forecast, Company shares, competitive landscape, growth factors, and trends

Segments covered

Product

Technology

Application

Region scope

North, East, West, South

Key companies profiled

Sabic Innovative Plastics India Pvt. Ltd, BASF India Ltd., Dow Chemical International Pvt. Ltd., ExxonMobil Company India Pvt. Ltd., Covestro (India) Pvt. Ltd., Basell Polyolefins India Pvt Ltd, INEOS Styrolution India Limited, Awanti Polymoulds, Berry Global India Private Limited, Parekhplast India Limited

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